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very hard to do a big deal, too. obviously, we have to pass an agreement, but the president will be working towards the largest possible deal because that's what's right for the country. >> the specific consequences of inaction and potential default -- that august 2nd date is coming. this is a big issue in congress and also among those running for president or perhaps running for president. sarah palin did an interview with "newsweek" and said this is not the apocalypse here. i'm asking you specific consequences to the united states of getting to august 2nd without raising the debt limit. >> let me make this clear, david, the united states is not going to default. we're a country that pays its bills. we're going to meet our obligations, and leadership in congress, republicans and democrats, house and senate, understand that. speaker boehner, to his credit, said from the beginning, we are not going to default as a country, because he understands it would be catastrophic for the american economy. let me explain what ha
very hard to do a big deal, too. obviously, we have to pass an agreement, but the president will be working towards the largest possible deal because that's what's right for the country. >> the specific consequences of inaction and potential default -- that august 2nd date is coming. this is a big issue in congress and also among those running for president or perhaps running for president. sarah palin did an interview with "newsweek" and said this is not the apocalypse here....
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Jul 11, 2011
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i think he wants to go big, i just don't think he has the power to get it done. he's in a very difficult political position. the factions in the republican party have drawn an arbitrary line in the sand to protect millionaires and billionaires. speaker boehner who wants to moovr forward can't. the question over the weekend is who wears the pants in the republican party, it appears as though eric cantor and michele bachmann do. >> i've got to jump in on that one. when the president puts a trillion dollars on the table in terms of tax increases john boehner wants a larger deal. he can't do it with what he believes will hurt the economy. the key question facing this country is where are the jobs. the whole point is to create an economy that in fact is going to allow us to answer the question. right now the president's proposal which is why the speaker backed off on it includes so much in terms of tax increases john boehner believes it is going to hurt the economy. >> in a first time in a decade we actually have a chance to get something big done. the president said
i think he wants to go big, i just don't think he has the power to get it done. he's in a very difficult political position. the factions in the republican party have drawn an arbitrary line in the sand to protect millionaires and billionaires. speaker boehner who wants to moovr forward can't. the question over the weekend is who wears the pants in the republican party, it appears as though eric cantor and michele bachmann do. >> i've got to jump in on that one. when the president puts a...
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Jul 11, 2011
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we start with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats s
we start with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits,...
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but the big story, no big deal. republicans refusing the president's $4 trillion in cuts opting instead for half that number. the reason, now they say they want no new taxes a steamy but happy monday here in new york city. i'm dylan ratigan and the president wrapping up another debt meeting at the white house. what, if anything, is coming from the bickering is anyone's guess. it seems the so-called middle deal, a little over $2 trillion in cuts over the next cade is where the action is. of course it doesn't solve any of the problems, just perpetuates the two-party political system bought by the major
but the big story, no big deal. republicans refusing the president's $4 trillion in cuts opting instead for half that number. the reason, now they say they want no new taxes a steamy but happy monday here in new york city. i'm dylan ratigan and the president wrapping up another debt meeting at the white house. what, if anything, is coming from the bickering is anyone's guess. it seems the so-called middle deal, a little over $2 trillion in cuts over the next cade is where the action is. of...
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the scope of murdoch's business this is not so big that it's going to be detrimental. for his image there's a problem. there's talk of new investigations of news corp. holding that includes holdsings in the u.s. as well. nothing has been announced so far. but it certainly does taint his image and the image of his company. right now here in the uk they are facing huge public anger over this incident. >> thank you. >>> coming up, sarah palin still has not yet announced whether she will run for president but she's pretty optimistic about her chance. >>> plus a restaurant owner is catching some heat for his new policy, no children under 6. >>> right now thousands of people are attending the funeral of a texas rangers fan who fell to his death trying to catch a ball for his son. 39-year-old shannon stone fell 20 feet don while trying to catch a ball for his son at the game on thursday. rangers' executives and fellow firefighters from across the state are expected to attend the funeral. starting this month some same sex spouses in cambridge, massachusetts, will see a bit mor
the scope of murdoch's business this is not so big that it's going to be detrimental. for his image there's a problem. there's talk of new investigations of news corp. holding that includes holdsings in the u.s. as well. nothing has been announced so far. but it certainly does taint his image and the image of his company. right now here in the uk they are facing huge public anger over this incident. >> thank you. >>> coming up, sarah palin still has not yet announced whether she...
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we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they get a deal done. >> kristin, we were talking about a crucial 72 hours and the build up to that meeting. what happened? >> as of last thursday, it seemed like both the president and speaker boehner were trying to sell this big deal, this $4 tri
we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats...
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the perimeter fence and hang the big syrian flags on the perimeter fence. they destroyed some u.s. embassy property, and now particularly the medallions where the u.s. embassy's logo is listed, and they tried to smash their way into the building and it is well protected by the u.s. marines and covered by thick security glass, and they were not able to enter the building, itself, and they did try to attack the french embassy and french guards had to fire three warning shots in the air. no major damage however to either embassy building, and no u.s. or french personnel, diplomatic personnel were injured. >> richard engle in cairo. >>> and the "newsnation" is following breaking news here where a tractor-trailer has collided with a train in portland, maine. they say that the trailer smashed into the train that was hauling rubbish and triggered a massive fireball. joining me by phone with the latest on the crash is wchs's cindy williams. any word from the investigators of what took place? i understand it was late this morning that it happened? >> yes, it was. it
the perimeter fence and hang the big syrian flags on the perimeter fence. they destroyed some u.s. embassy property, and now particularly the medallions where the u.s. embassy's logo is listed, and they tried to smash their way into the building and it is well protected by the u.s. marines and covered by thick security glass, and they were not able to enter the building, itself, and they did try to attack the french embassy and french guards had to fire three warning shots in the air. no major...
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it would be a big, big purchase for his empire, media empire. now doesn't seem like the time to get what he wants. >> no. he's been trying to get this approved for a year. there's already resistance and now this on top of it. >> the news of the warld, threw it -- one has been arrested. senior former aid to cameron was arrested. >> that's the problem, laborers are going to want to stop it anyway. political support sr. rumbling rapidly. on this side of the pond, everybody talking abdomen mike barnicle. >>> up next, luke russert joins the table for the must read opinion pages. we'll be right back. (telephone ring. pick up) usa prime credit. my name ...peggy. you got problem? ggy? third time i've called, 's time i speak with a supervisor. supervisor is genius...i transfer. transfer! transfer! transfer! transfer! transfer! hello...my name is... peggy? come on!!! hello? want better customer service? switch to discover. ranked #1 in customer loyalty. it pays to discover. that's how it is with alzheimer's disease. she needs help from me. and her medicat
it would be a big, big purchase for his empire, media empire. now doesn't seem like the time to get what he wants. >> no. he's been trying to get this approved for a year. there's already resistance and now this on top of it. >> the news of the warld, threw it -- one has been arrested. senior former aid to cameron was arrested. >> that's the problem, laborers are going to want to stop it anyway. political support sr. rumbling rapidly. on this side of the pond, everybody...
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internet here, at home... ...with some really big news. it's b-i-g -- big. high speed internet from at&t at home... ...includes wi-fi access on the go. whoo-hoo! [ both ] it's an unbelievable deal. [ chuckles ] well, gotta go. but wait -- there's more... [ female announcer ] go to the website below today and get high speed internet for the unbelievably low price of just $14.95 a month for 12 months with a 1-year price guarantee. it's all the speed you need at a great price. you can chill online at a park. here, pidgie, pidgie. [ coos ] and surf the web at your favorite bookstore. ouinternet at home includes access to the entire at&t national wi-fi network on the go. [ female announcer ] go to the website below and get high speed internet for just $14.95 a month for 12 months with a 1-year price guarantee. that's all the speed you need at a great price. it's an unbelievable deal. so why wait? act now, act now! like he said... act ♪ w, act now! -- captions by vitac -- www.vitac.com
internet here, at home... ...with some really big news. it's b-i-g -- big. high speed internet from at&t at home... ...includes wi-fi access on the go. whoo-hoo! [ both ] it's an unbelievable deal. [ chuckles ] well, gotta go. but wait -- there's more... [ female announcer ] go to the website below today and get high speed internet for the unbelievably low price of just $14.95 a month for 12 months with a 1-year price guarantee. it's all the speed you need at a great price. you can chill...
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and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are willing to pay for, and so there has to be a gigantic education campaign to go under that. and then the second thing i would add, and tom talked about a hybrid politics, i uld say we'vead it. and we just have to rediscover it. and i go back perpeally to my hero alex aner hamilton who created this hrid politics it was not -- he got us out of the big government versus small government debat he stood for lited b energetic government to enhance social mobility. so people in the hamiltonian practise decision which include the wig party and the lincoln an repu
and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are...
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negotiations and big picture deal. and i think that's mass take for him both in terms of the economy and politically, but it seems like there is an interest on both sides to get something done. let's hope they can. >> was that mass take on the part of john boehner? because it did seem that things were going in a positive route for negotiations on both sides. >> we all held out hope that our leaders are going to step into the arena and do these big dramatic things. but the policy reatty for republicans is it's always a loser to stand behind tax increases. >> you keep hearing the word hope, hope seems to be fading here. we hear him saying out that it will be catastrophic for this u.s. economy. last thing people want to hear is another double dip recession. seeing those 401(k)s drop. but the two have to combine, entitlements, we have to take a little tax cut, tax increases there may have to be another. time is running out. >> republicans say very clear, no, we're not going to have tax increases. there will be a deal. this
negotiations and big picture deal. and i think that's mass take for him both in terms of the economy and politically, but it seems like there is an interest on both sides to get something done. let's hope they can. >> was that mass take on the part of john boehner? because it did seem that things were going in a positive route for negotiations on both sides. >> we all held out hope that our leaders are going to step into the arena and do these big dramatic things. but the policy...
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the president wants this big deal. we saw jake lay out the consequences of no deal what is the path forward giving the fact that republicans aren't going to go for the big deal that president obama wants? >> the president will call us again today. i'm disappointed. last thursday there was resolve through most of the leadership. something large enough to address our deficit in a serious way or in a coordinated way. bringing everything to the table and being balanced. unfortunately over the weekend, the speaker said i can't deliver. i can't produce on my side. we had congressman kantor walk out of the biden talks, as well. we both have to be willing to put things on the table and get this resolved. >> t they say that the democrats won't go for the kind of medicare and social security savings that will be necessary, as well. i want to drill down here on where you go next because that big $4. >> translator: trillion deal is not going to happen. how do you get something together in the next several days to make sure all of
the president wants this big deal. we saw jake lay out the consequences of no deal what is the path forward giving the fact that republicans aren't going to go for the big deal that president obama wants? >> the president will call us again today. i'm disappointed. last thursday there was resolve through most of the leadership. something large enough to address our deficit in a serious way or in a coordinated way. bringing everything to the table and being balanced. unfortunately over the...
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this wasn't a big part of the revenues, but is this a big blow for news corporation and that group? >> well, even more important than the newspapers, how this is threatening a big deal to acquire the 100% of the satellite television operation there that news corp controls but only owns 30% of now. so, i don't know whether, you know, this will happen. i mean, the labor party is saying let's day this and, you know, the stock is plunging. it could be a huge blow to news corp. >> all right. lloyd grove, editor at large of "the daily beast," thanks for being here. >> my pleasure. >> straight ahead on "american morning," new research shows how damaging secondhand smoke can be to your kids. >>> also jogging while listening to your ipod can be dangerous. why some states want to crack down on distracted exercising. you're watching "american morning." it's 44 minutes past the hour. somewhere in america, a city comes to life. it moves effortlessly, breathes easily. it flows with clean water. it makes its skyline greener and its population healthier. all to become the kind of city people want t
this wasn't a big part of the revenues, but is this a big blow for news corporation and that group? >> well, even more important than the newspapers, how this is threatening a big deal to acquire the 100% of the satellite television operation there that news corp controls but only owns 30% of now. so, i don't know whether, you know, this will happen. i mean, the labor party is saying let's day this and, you know, the stock is plunging. it could be a huge blow to news corp. >> all...